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Don,
Two points:
[1] we usually quantify our recommendations to "motivate" departments to
implement
[2] we use Access data base to track due dates, run a report monthly, ask
them if they've implemented and report to the Audit Committee -- the due
dates are set by the department management, so they're sort of on the hook
(we also perform an annual follow-up of all open audit comments)
Lance J. Kronzer, CPA
900 E. Broad St - Rm. 806
Richmond (VA) City Auditor
804-646-5640
Lance J. Kronzer, CPA
900 E. Broad St - Rm. 806
Richmond (VA) City Auditor
804-646-5640
-----Original Message-----
From: Hugenberg III, Paul [mailto:[EMAIL PROTECTED]]
Sent: Tuesday, July 30, 2002 9:38 AM
To: '[EMAIL PROTECTED]'; [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED]
Subject: RE: Incentives for completing audit findings
Audit-l is sponsored by Audit Leverage (IAD Solutions, Inc.)
www.auditleverage.com
***************************************
We do the same as well - using and Access dB rather than the Excel
spreadsheet for ease of use. In addition to producing reports, copying
senior management and the BOD, and follow-up on open items by due date (or
every 60 days whatever is earlier); we also export our reports to the secure
Intranet so the up-to-date status on any item can be readily seen by any
member of the Exec Mgmt team. Supports some pretty healthy completion
percentages.
Paul B. Hugenberg III, C.I.S.A.
Information Technology Audit Officer
Sky Financial Group
60 East Main Street (SLV-AUD)
Salineville, Ohio 43945
Phone: 330.679.2328 x2190
Fax: 330.679.2387
mailto:[EMAIL PROTECTED]
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
Sent: Tuesday, July 30, 2002 9:33 AM
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED]
Subject: Re: Incentives for completing audit findings
Audit-l is sponsored by Audit Leverage (IAD Solutions, Inc.)
www.auditleverage.com
***************************************
How good is your follow-up process? At our Company we require a quarterly
response for all open findings. Each responsible respondent is required to
submit a quarterly response on the status of all open findings to the
internal audit department. This is accomplished using a very simplified
excel spreadsheet. Once the response deadline passes then responses
including non-responses are compiled and forwarded to CEO, COO and CFO with
a copy to any EVP's who have individuals in their division that have not
responded. This generally gets the ball rolling as the EVPs hate to be
called on the carpet for a non-response. Since implementing this process
my response rate has improved dramatically and generally is 90 to 100% with
a 79% completion rate. Not sure how this completion rate compare with
other audit shops but I'm pretty satisfied with it..........Chet
"Whitehouse, Don"
<Don.Whitehouse@cacky To:
"'[EMAIL PROTECTED]'" <[EMAIL PROTECTED]>
.com> cc: (bcc: Chet
Spruill/CommScope)
Sent by: Subject: Incentives for
completing audit findings
[EMAIL PROTECTED]
ditnet.org
07/30/2002 08:50 AM
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My audit committee has asked that I propose methods to incent management to
complete audit findings in a timely fashon. The audit committee suggested
linking completion of audit findings to performance reviews.
Currently, managers are required to set a target completion date on all
audit findings. These dates and subsequent changes are reported to the
audit
committee.
Does anyone have any suggestions or ideas?
Thanks,
Don
Audit Leverage is a department management software package that integrates
and automates the entire audit process. This comprehensive package
includes risk assessment, audit planning, budgeting, staffing, scheduling,
timekeeping, automated work papers, audit findings & recommendations,
reporting and audit follow-up. Audit Leverage allows auditors in the field
to work off-line and dial in to synchronize their work with the Audit
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Audit Leverage is a department management software package that integrates
and automates the entire audit process. This comprehensive package includes
risk assessment, audit planning, budgeting, staffing, scheduling,
timekeeping, automated work papers, audit findings & recommendations,
reporting and audit follow-up. Audit Leverage allows auditors in the field
to work off-line and dial in to synchronize their work with the Audit
Leverage database on the network, enabling managers to review the work
papers instantly without being at the job site.
Demo available at www.auditleverage.com
If your organization would like to sponsor this discussion list send an
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To unsubscribe to the Audit-l list send an e-mail to
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Thanks,
Jim Kaplan
List Manager
Audit Leverage is a department management software package that integrates
and automates the entire audit process. This comprehensive package includes
risk assessment, audit planning, budgeting, staffing, scheduling,
timekeeping, automated work papers, audit findings & recommendations,
reporting and audit follow-up. Audit Leverage allows auditors in the field
to work off-line and dial in to synchronize their work with the Audit
Leverage database on the network, enabling managers to review the work
papers instantly without being at the job site.
Demo available at www.auditleverage.com
If your organization would like to sponsor this discussion list send an
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To unsubscribe to the Audit-l list send an e-mail to
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Thanks,
Jim Kaplan
List Manager
Audit Leverage is a department management software package that integrates and
automates the entire audit process. This comprehensive package includes risk
assessment, audit planning, budgeting, staffing, scheduling, timekeeping, automated
work papers, audit findings & recommendations, reporting and audit follow-up. Audit
Leverage allows auditors in the field to work off-line and dial in to synchronize
their work with the Audit Leverage database on the network, enabling managers to
review the work papers instantly without being at the job site.
Demo available at www.auditleverage.com
If your organization would like to sponsor this discussion list send an e-mail to
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